Replies to post #67843 on BioAmber Inc fka BIOAQ

[TenKay]

Lol...they are in CCAA proceedings because they are bankrupt.

And to make matters worse, they had to resort to liquidation of the company assets when no offer was made for the company.

[trader59]

BioAmber's current status is bankrupt. There's no question. The assets were sold in liquidation for $4.34M. There are no more operations, no sources of income, to pay the debt owed.




Once the checks are written for the small recoveries of the 2 secured creditors who get anything, this returns to the US bankruptcy court for the final discharge of the remaining debt and the equity (the shares). The company disappears after that, and shareholders lose 100% of their investment in this stock.